Jason Robins, Chief Executive Officer and Chairman of the Board of DraftKings Inc. (NASDAQ:DKNG), filed a Form 4 on September 15, 2026, disclosing the transfer of vested stock options to the Robins 2026 Grantor Retained Annuity Trust, with an earliest transaction date of September 11, 2026.

Key Highlights

  • Options transferred to trust: 696,850 stock options with an exercise price of $4.70, originally granted June 4, 2019, were transferred to the Robins 2026 Grantor Retained Annuity Trust.
  • Second options block transferred: 800,000 stock options with an exercise price of $3.29, originally granted May 3, 2018, were also transferred to the same trust.
  • All transferred options fully vested: According to the filing, all remaining stock options in both grants have vested as of the transaction date.
  • No shares bought or sold: The filing states there was no purchase or sale of Class A Common Stock or stock options in connection with either transfer.
  • Class B holdings: Jason Robins is disclosed as the sole holder of 393,013,951 shares of Class B Common Stock of DraftKings, which the filing notes are not registered securities.
  • Reporting person role: Robins is identified in the filing as both Director and Officer, with the title Chief Executive Officer and Chairman of the Board.

DraftKings CEO Moves Vested Options into Grantor Retained Annuity Trust

According to the Form 4 filed with the SEC, Jason Robins transferred two blocks of fully vested stock options from his direct ownership to the Robins 2026 Grantor Retained Annuity Trust. The first block comprised 696,850 stock options at an exercise price of $4.70, expiring June 4, 2029, originally granted on June 4, 2019. The second block comprised 800,000 stock options at an exercise price of $3.29, expiring May 3, 2028, originally granted on May 3, 2018. Both transfers were recorded as of September 11, 2026.

The filing specifies that neither transfer involved any purchase or sale of Class A Common Stock or stock options. Following the reported transactions, the trust indirectly holds 696,850 options at $4.70 and 800,000 options at $3.29, while Robins retains direct beneficial ownership of 0 options from the $4.70 grant and 5,712,289 options from the $3.29 grant, according to the filing.

The filing also discloses that Robins is the sole holder of 393,013,951 shares of Class B Common Stock of DraftKings, described in the filing as shares that "are not registered securities." The Form 4 was signed by Faisal Hasan as attorney-in-fact on September 15, 2026.

What Was Disclosed

Jason Robins, CEO and Chairman of DraftKings Inc., disclosed the transfer of a total of 1,496,850 fully vested stock options to the Robins 2026 Grantor Retained Annuity Trust, with no accompanying purchase or sale of securities.